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    1400 Exposition Blvd

    Los Angeles, CA 90018
    • $1,500,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: 21-778240
    UPDATED: 50 min ago
    $1,500,000
    • 12
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,996
      SQFT
    • $375
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    We are pleased to offer the opportunity to acquire this four (4) unit multifamily investment opportunity located at 1400 Exposition Blvd, just a short distance from the internationally renowned University of Southern California (USC). This two-story building is located in an Opportunity Zone, and was constructed of wood frame and stucco on a raised foundation built in 1963 with a square footage of 3,996 on a 6,002-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of four (4) spacious 3-bedroom+ 1-bathroom units. The subject property is 100% occupied, and all tenants are current with rental payments.The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, Ten (10) on-site parking spaces, and individually metered for gas and electricity.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T11:42:39.73. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/120949416
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    1400 Exposition Blvd Los Angeles, CA 90018

    • Price: $1,500,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 21-778240
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,996
    SQFT
    $375
    $/SQFT
    1963
    Built
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    Los Angeles Southwest
    Property Description
    We are pleased to offer the opportunity to acquire this four (4) unit multifamily investment opportunity located at 1400 Exposition Blvd, just a short distance from the internationally renowned University of Southern California (USC). This two-story building is located in an Opportunity Zone, and was constructed of wood frame and stucco on a raised foundation built in 1963 with a square footage of 3,996 on a 6,002-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of four (4) spacious 3-bedroom+ 1-bathroom units. The subject property is 100% occupied, and all tenants are current with rental payments.The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, Ten (10) on-site parking spaces, and individually metered for gas and electricity.
    Exterior Features

    Lot Size Area 6002 Other Structures Other Parking Garage Carport Total Parking 10

    Interior Features

    Baths Total 4.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 764721 Gross Income 115800 Gross Operating Income 115800 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 89978.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 24665 Type Of Units Apartment Year Built Source Other Zoning Lard1.5

    Listing provided courtesy of Adam Shamooelian DRE# of Keller Williams Beverly Hills.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T11:42:39.73. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211